Venezuela, officially called the Bolivarian Republic of Venezuela, is a country on the northern coast of South America. Venezuela has an estimated population of approximately 29 million. In 2009 the Venezuelan government passed a law to establish a national standardized university entrance examination system, replacing public universities' internal entrance examinations.

A master of business administration (MBA) is a professional degree given to those who study business management at a business school. Various forms of analysis and strategy are covered including operations, marketing, finance, and accounting.

Online learning refers to use of electronic media and information and communication technologies (ICT) in education. With online learning one has the flexibility to access their studies at any time and from anywhere they can log on.